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    616 Idaho St Salem, VA 24153

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    For Lease
    $15 SF/Yr

    Class A office building with contiguous space available for lease.

    Property size:
    24,290 SF
    Lot size:
    4.97 Acres

    Property Features for 616 Idaho St

    General Information

    Size
    24,290 SF
    Lot size
    4.97 Acres

    Source: Cushman & Wakefield | Thalhimer - Roanoke Agent Barry Ward

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Class A Office Building Space

    This is a 2-story Class A office building constructed in 2006. The building features an attractively designed exterior with brick and double-pane tinted glass. It offers fiber optic cabling for telecommunications and high-speed internet access. The property is located close to downtown Salem restaurants and retail and is a 10-minute drive from Interstate 81 and 15 minutes from Roanoke-Blacksburg Regional Airport. The property offers a rare contiguous space of 24,290 square feet. It is set in a campus-style environment and includes a 350 KW generator for the whole building.
    Insight Report Location Intelligence

    Current Use by Public Records

    Milby Paul Insurance Agency

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Salem
    State
    Virginia
    Longitude
    -80.043539
    Latitude
    37.2884949

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    FAQs

    What type of property is this?
    Office building - Class A office building with contiguous space available for lease.
    Where is this office building located?
    The property is located at 616 Idaho St Salem, VA.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: - Rare 24,290 SF contiguous space in market; - 350 KW generator (whole building); - Fiber optic cabling for telecommunications and high speed internet access
    (540) 767-3000
    Request Owner's contact information
    616 Idaho St Salem, VA 24153
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    Salem, VA 24153
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    616 Idaho St Salem, VA 24153
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